My, how time flies. Lots happening in the mortgage and real estate world and we’ve been remiss in reporting on most of it recently. Lets kick things back off with a quick link roundup and we will be catching up on all of the latest and greatest over the next few days. Local· Marked Down to Sell [PiPress]· Two New Downtown Hotels Proposed [Strib]· KG Purchases New Estate in Orono [Strib/CJ]· Calhoun Square on the Market [Strib] Elsewhere Otherwise· Bernanke Testimony Roundup [Big Picture]· The Silicon Valley of SubPrime [Kedrosky]· Required Reading: Bill Gross on SubPrime [Matrix]… (more…)
W J Bradley Company Merchant Partners Llc announced a deal that will represent its 10th mortgage company acquisition in the past two years. The company it is acquiring is a residential mortgage broker. Despite recent market challenges, the Bradley’s president said he is bullish about mortgage investment opportunities. (more…)
The chief economist for the National Association of Realtors said subprime problems are expected hurt real estate activity. He noted Fannie Mae, Freddie Mac and Fha will be revitalized and help many of the displaced borrowers. Another Nar economist said excessive greed was at the root of the current subprime crisis. (more…)
Frank Nothaft, Freddie Mac vice president and chief economist indicated that the market was in a holding pattern. “Mortgage rates were stable this week as the bond market took readings on producer prices and consumer prices in stride,” he said.
“Looking at the housing market…
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